Liberty Commercial Loans Update

With Liberty's commercial lending solutions, business borrowers can get the boost they need and access funds to accelerate their plans.

Boost features include:

  • Fast turnarounds
  • Minimal documentation required
  • Commercial purposes accepted

For more info and to access their Introducer Guide, click here.

For any other questions please reach out to your BDM.

NAB Tailored Home Loan is now live!

NAB is committed to delivering a faster, smarter and simpler experience for their brokers and customers.

They have recently launched their refreshed NAB Tailored Home Loan. It gives customers access to more competitive pricing and all the features they love!

With more transparent rates, great pricing and no application fees, it's set to become NAB's 'hero' home loan and help them deliver a faster experience with exceptional service.

The benefits of NAB's refreshed Tailored Home Loan at a glance

Features customers love:

  • Better pricing for customers with a greater deposit or more equity through LVR tiered pricing
  • Access to a 100% offset account on variable rate loans
  • Fee-free redraw on variable loans (minimum $500)
  • Can be used for construction

Low ongoing fees:

  • A simple $8 monthly fee per loan account ($96 p.a.)
  • No annual fees
  • No application fee, saving customers $600 when they apply

More competitive pricing by introducing four new Loan to Value Ratio (LVR) tiers:

  • 60% or less
  • 60.01% - 70%
  • 70.01% - 80%
  • 80.01% or more

Note: The four new LVR tiers will only be available on the standalone NAB Tailored Home Loan. There are no changes to the NAB Base Variable Rate or for NAB Choice Package Tailored Home Loan.

Important: Which customers will be able to access the new LVR tiers?

  • The new LVR tiers will be available for new NAB Tailored Home Loan loans which are originated via Apply Online (AOL) on or after Monday 25 July 2022
  • NAB Tailored Home Loans issued on or before 25 July will not be able to access LVR tiered pricing unless a credit critical variation is made
  • LVR tiered pricing will not be available for NAB Tailored Home Loans included in a Choice Package

Additionally, NAB has worked closely with their Product Team to ensure Aggregator Software has been updated with the correct product specifications and rates.

What brokers need to do

To access these great benefits, brokers will simply need to:

  • Work with their customer to calculate their LVR before submitting a request through NAB's Instant Pricing Tool. Helpful instructions are on the NAB Broker Portal.
  • Ensure the LVR in the pricing request matches the LVR in the application submitted. Detailed instructions for the new process will be added to theResourcessection of the NAB Broker Portal.

If you have any questions, refer to your Vow Financial BDM.

*WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

At Liberty, they support customers to grow successful businesses

At Liberty, they support customers to grow successful businesses with a range of lending solutions from their free-thinking toolbox.

Below is how they were able to help a customer improve cash flow.

  • Customer story:

A hardware and building supplies company with a turnover of $5.7m per annum was seeking funds to refinance a vendor loan.

  • Liberty solution:

The customer was able to access equity in their commercial premise to extend the loan term and reduce their overall rate. Liberty offered a 105% LVR under the Liberty Mint product, supported by an All PaaP over a strong and consistent trading business.

For more info and to access their Introducer Guide, click here.

To discuss a scenario or for support lodging an application, contact your Liberty BDM.

For any other questions please reach out to your BDM.

Zip Zero Zilch Risk Fee

Resi is pleased to announce that they have waived their risk fee, under Essentials Alt Doc, across all LVR bands.

Want a few more reasons to use Resi's Essentials Alt Doc product?

  • Rates starting at 4.34% P&I Variable
  • Only one form of income verification required
  • No credit scoring
  • No ongoing fees
  • Up to 6 variable rate splits permitted
  • 100% offset available
  • Commissions paid 5 days after settlement

Please remember:

  • Resi accepts loan sizes up to $1M (at 70%), although are hoping to shortly be announcing an increase here
  • 24-month ABN
  • GST registered at time of application (unless income declared is under $75,000)
  • Clear credit conduct
  • Client income declaration plus any one of the following:
    • 6 months BAS or 12 months accountant prepared Business Trading Statements
    • Accountant Declaration
    • 6 months Business Bank Statements

To access the fact sheet, click here.

For more information, please see Resi's website, alternatively please contact broker support or your BDM.

*WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Ubank's Own Home Loan

Whether they're buying or refinancing, ubank's Own variable home loan gives your customers options. For the perfect balance of flexibility and security, they can split their Own variable home loan with Ubank's fixed home loan.

Key features;

Variable

  • 100% interest offset on up to 12 ubank accounts
  • No minimum amount for redraw & no redraw fees
  • Unlimited additional repayments

Fixed

  • Redraw up to allowable amount (no minimum)
  • Rate lock - valid for 90 days from the date application is submitted
  • Up to $20k additional repayments during the fixed rate period at no cost

Own Home Loan - key fees;

  • Loan advance fee - $250 per settlement
  • Valuation fee - First valuation free up to $360 (at cost thereafter)
  • Annual fee - $250 per year - covers up to 5 Own home loans
  • Rate lock - $500 charged at settlement
  • Discharge fee - $300 per security

For more information or if you have any questions, reach out to your ubank BDM.

Products issued by ubank, part of National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686 (NAB). 86 400 Ltd ABN 13 621 804 813 is a representative of NAB and part of the NAB Group.

Brighten Lender Rate Update

In response to the cash rate decision made by the Reserve Bank of Australia (RBA), Brighten Lender has made the following changes to Brighten home loan products, effective the 9th of August 2022.

1. Full Doc
The following interest rates are now applicable to new Brighten Empower Prime and Brighten Empower home loan applications.

2. Alt Doc
The following interest rates are now applicable to new Brighten Boss® Prime and Brighten Boss® home loan applications.

3. Non-Resident
The following interest rates are now applicable to new Brighten Evergreen home loan applications.

4. Brighten Premium (188B/C Visa Holders)
The following interest rates are now applicable to new Brighten Premium home loan applications.

^Of the loan amount. # The comparison rate is based on a secured loan of $150,000 and a term of 25 years. WARNING : This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

If you have any questions, refer to your Vow Financial BDM.